Deep Yellow (OTCMKTS:DYLLF) Hits New 52-Week Low – Time to Sell?

Deep Yellow Limited (OTCMKTS:DYLLF)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $0.8472 and last traded at $0.94, with a volume of 53100 shares changing hands. The stock had previously closed at $0.9426.

Analyst Ratings Changes

DYLLF has been the topic of several recent research reports. Royal Bank Of Canada started coverage on shares of Deep Yellow in a research note on Thursday, September 3rd. They set an “outperform” rating and a $2.05 target price on the stock. Jefferies Financial Group raised shares of Deep Yellow from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $1.92.

Deep Yellow Price Performance

The business has a 50-day simple moving average of $1.03 and a 200-day simple moving average of $1.15.

About Deep Yellow

Deep Yellow Limited is an Australian uranium exploration and development company focused on advancing projects in Namibia and Western Australia. The company is listed on the Australian Securities Exchange under the symbol DYL, with its shares also traded over the counter in the United States under the symbol DYLLF.

Deep Yellow’s principal Namibian asset is the Tumas uranium project, located in the established uranium-producing Erongo region. The company is working to develop Tumas into a uranium mining and processing operation, subject to project approvals, financing and construction.